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Commodities and Futures Analysis by Chuck Kowalski
Posted on March 30, 2010 by Chuck KowalskiNo Comments
Yesterday was a narrow range day, so many traders were expecting a breakout day today. The market poked out of the high and low sides and didn’t really go anywhere. A bad day for breakout traders and a good day for range traders. In this market environment, you have to accept a breakout of either Read More…
Filed Under: E-mini Stock Futures
Posted on March 27, 2010 by Chuck KowalskiNo Comments
December corn futures are in an interesting position right now. This market has been trending lower and looks like it might move even lower. On Friday, the market created an inside day that should setup for a breakout move on Monday. A large bar day on Thursday also adds to the positive setup for a Read More…
Filed Under: Grains
Posted on March 25, 2010 by Chuck KowalskiNo Comments
The Emini S&P ended the day on a weak tone as a strong rally could not hold and a selloff actually caught traction for the bears. Its no secret that there are numerous warning signs for a top in this market. So far, the bears have had no control and the dips are short-lived.
I view this market Read More…
Filed Under: E-mini Stock Futures
Posted on March 22, 2010 by Chuck KowalskiNo Comments
Come on, you didn’t really think the market was going down today? There were countless reasons for it to move lower, but when it is an Obama Day, the market always seem to move higher.
What is an Obama Day? It is a big press day where he tells us how he has just made the Read More…
Filed Under: E-mini Stock Futures
Posted on March 19, 2010 by Chuck KowalskiNo Comments
The market opened on its highs and trended lower most of the day. There was a late day rally following a failure to make a second leg lower. Sound familiar? It was option expiration day and it wasn’t a day setup for a massive decline.
In the latest round of bad news that just keeps dragging Read More…
Filed Under: E-mini Stock Futures
Posted on March 17, 2010 by Chuck KowalskiNo Comments
Another day, another rally. All you have to do is buy everyday on the dips and it is easy money. The only thing that prevents traders from doing it is that they can’t believe it keeps happening day after day. It will end one day, but who knows when. The market has been telegraphing rallies Read More…
Filed Under: E-mini Stock Futures
Posted on March 16, 2010 by Chuck KowalskiNo Comments
Here is one for the market technicians that doesn’t make a lot of sense. The Nasdaq is only 19 percent from the highs hit in late 2007 after making a spectacular 90 percent rally of the lows in March 2009. One might expect rampant investor participation salivating to margin up and take advantage of this Read More…
Filed Under: E-mini Stock Futures
Posted on March 16, 2010 by Chuck KowalskiNo Comments
Crude oil futures are trying to control the $80 level once again. This has proved to be a strong barrier for crude oil and we have to wonder if the fundamentals warrant a sustained move above 80.
I would say no. There is plenty of oil out there are I am interested in the short side Read More…
Filed Under: Energies
Posted on March 15, 2010 by Chuck KowalskiNo Comments
Just when you thought the momentum was about to shift to the bears, the bulls come roaring back. Stocks started in negative territory on Monday and they could not repeat their quick morning turnaround that we have become accustomed to. Instead, the turnaround was delayed until the afternoon.
The Emini S&P had a failed buy setup Read More…
Filed Under: E-mini Stock Futures
Posted on March 15, 2010 by Chuck KowalskiNo Comments
Sugar futures have taken the whirlwind tour of a rocket move to 30 and then a rapid decent to 19. Now the market is pausing between 19 and 20 with nearly 3 inside days. This has the makings of a strong move – higher or lower – when it eventually breaks out.
The play here is Read More…
Filed Under: Softs